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Evaluating Health Risks An Economic Approach

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ISBN-10: 0521478782

ISBN-13: 9780521478786

Edition: 1995

Authors: Per-Olov Johansson

List price: $54.99
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A major problem in health economics is how to give a value to changes in health. This is the first book to present a comprehensive survey of the money measures that are used in such evaluations. The author defines the properties of these money measures, examining them in both a certain and a risky world. He evaluates available empirical approaches for the assessment of the value of health changes, and considers measures such as quality-adjusted life years (QALYS) and health-years equivalents (HYES).
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Book details

List price: $54.99
Copyright year: 1995
Publisher: Cambridge University Press
Publication date: 4/27/1995
Binding: Paperback
Pages: 204
Size: 6.00" wide x 9.00" long x 0.50" tall
Weight: 0.638
Language: English

Scope of the study
Important contributions
Plan of the study
Some basic tools and concepts
Utility maximization
A health production function
Intertemporal models
Introducing risk
Some further comments on risk
More complex intertemporal models
Evaluating health changes in a certain world
Two money measures of a change in health
On the properties of compensated money measures
An example: using CV and EV
Overall versus instantaneous money measures
A health production function approach
Using market data to evaluate changes in health
Money measures in a risky world
Introducing money measures in a risky world
A WTP locus
Evaluating changes in mortality, and the value of a statistical life
Endogenous risks and altruism
Changes in wealth and the value of health
Intertemporal models
Evaluating health risks: practical methodologies
The contingent valuation method
Closed-ended techniques
A useful interpretation of WTP measures
CVM studies of health risks
The human capital approach
Market-based estimation methods
The value of a statistical life
Contingent valuation studies of health care
Empirical studies of the WTP for health care: a brief review
A study of high blood pressure
The results
Useful formulae for the computation of the mean WTP
The social welfare function
Project evaluations
Pragmatic views on the aggregation problem
An illustration: how to assess a treatment
Altruism in cost-benefit analysis
Further evaluation issues in a risky world
The value of information
A health production function model
Using the model to assess health changes
On the value of changes in life expectancy
Concluding remarks on related approaches
Qalys and hyes
Risk-risk and risk-dollar trade-offs
Cost-effectiveness analysis